WHY CHOOSE ICASHLOANS ? : When you need cash quickly you want to work with a service that is reliable and experienced in the payday loan industry - iCashLoans is both. We pride ourselves on connecting our customers with the best payday lenders to meet their needs. Why waste time visiting dozens of websites trying to figure out which lender will serve you best? iCashLoans is the only site that you need to visit when you’re looking for a fast, secure payday loan.

Cash Loans: "We Search 100+ Lenders Money in Your Account Next Day"

About Us:

Our services are designed to help you find a reputable payday lender to work with. iCashLoans has a large number of lenders in our network, and we are confident that we can assist you in obtaining the best payday loan to meet your needs. Everyone hits a rough patch financially at some point, and payday loans are a great solution for short-term cash flow problems. You don’t have to worry about how you are going to pay an unexpected bill, or cover an emergency expense, between pay checks - iCashLoans is your source for finding payday loans. Using iCashLoans is 100% free to you - we do not charge any fees for our services. When you use iCashLoans you will save time and money. All you have to do is provide us with basic information and we will instantly search our network of lenders to find you the loan that meets your needs. At iCashLoans we pride ourselves on working with lenders that are fair and honest in their lending practices. Our main goal is to provide you with a great experience when searching for a payday lender. All lenders in our network are required by law to follow all of the rules and regulations related to payday lending. Don’t drive around town to visit payday loan shops, and forget about looking at website after website trying to find a loan with fair terms. iCashLoans is the only place you need to go to find a payday loan. We will search our vast netowrk of lenders instantaneously to find you the loan that you are looking for.

Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Friday, December 27, 2013

Direct Payday Lenders Scope Out Qualified Borrowers

Direct Payday Lenders Scope Out Qualified Borrowers
Your income matters. How much you bring home each month is what you live on. It pays the rent, buys a car, keeps utilities running and feeds the bellies of your family, pets and gas tanks. If your income does not cover your basic needs you will need help. Some people will find a roommate to share living costs, others will find a second income and too many will use credit card or fast direct payday lenders to make money matters work.

Using third party money to support basic living needs is never a smart money decision unless there is some sort of emergency which calls for drastic temporary measures. Get the utilities paid and put food on the table, but if you cannot do these things without help, you have to make changes to your lifestyle. If you don't, your credit cards will soon be filled and payday loan lenders will be rejecting your applications. Yes, even payday lenders reject applications, at least the responsible ones.

Many payday companies will have set qualifications which must be met in order to be approved for a short-term loan. Credit card companies will qualify you based on your credit score and history. Since fast cash advances are no credit check loans, there must be other ways to regulate who is approved and who is not.

* What state do you live in? Online payday lenders will want to know where you are calling from before they will work with you. Some states have laws which prohibit most lenders from servicing residents. Other possible reasons are state regulations on interest and loan caps discourage direct lenders from being licenses in the given state.

*How much income do you bring home each month? Your take-home income is going to be the base for calculating how much money you are approved for. Just because you ask for $500 it doesn't mean you will get it. A responsible lender will make sure that your income can cover the loan as well as have a bulk of it left over to cover other expenses.

*Do you receive direct deposit? When the direct lender checks your bank statement this deposit information is important. It shows proof of steady income. Permanent employees often have the option to have their paycheck directly deposited. It is a good sign to the lender.

*What bank is your account with? Most well-known banks and credit unions will allow debit transactions for the loan. Some smaller institutions or military institutions do not work with payday loan companies. If your account is with one of these, your loan will not be approved.

*Do you have any other current payday loans out? Since these loans demand full repayment plus fees in just a few short weeks, any good lender would want to know. Competition for payment is not a position that a reputable direct payday lender wants to be in. No credit checks keeps the lender blind to all the other debt, they want to know about other short-term loan debt.

*Are you military? Responsible payday lenders will not work with military personal at any level in any branch.

*Will you be able to email or fax a recent 30 day bank statement? This is for informational purposes only. Loan managers will comb through the statement looking for any signs of money stress. Signs of stress are bounced checks, overdraft fees, NSF fees and signs of other payday loans.

In order to be pre-qualified, you must meet set standards for these questions. Once the free application has been filled out band sent in, a loan manager will check it thoroughly for accuracy and up to date contact information. Direct online payday lenders want to do business with responsible borrowers just as much as borrowers want to do business with responsible direct lenders.


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